The Slovenia Times

Industrial output shows signs of positive trend


The month-on-month growth was driven by a 4.7% increase in manufacturing output, while electricity, gas and steam supply output remained level over the month before and output in mining and quarrying dropped by 1.8%.

Compared to the first half of 2019, the index for the first half of this year was dragged down by electricity, gas and steam supply, which dropped by 14.2%, while mining and quarrying output was 13.2% lower and manufacturing output was down 9.8%.

Industrial sales revenue recorded in June was 8.3% higher than in May, when, in turn, it was 15.6% higher than in April. In June, sales revenue generated abroad was 9.1% higher than in May, but revenue generated in Slovenia was 0.1% lower.

Compared to June 2019, industrial sales revenue was 11.9% lower, with sales in foreign markets dropping by 11.9% as well, while the drop was steeper still in the domestic market, down 12.5%.

Compared to the first six months of last year, industrial sales revenue was 12.6% lower in the first half of this year. It was down 13.3% in foreign markets and 10% in Slovenia.

The decrease was seen across the board, with investments, semi-finished products and consumer products seeing the most pronounced decline in demand.

The value of stock in industrial production was 0.6% lower in June over May and 2.6% higher compared to June 2019. In the first six months of 2020, the value of stock was 2.9% higher than in the same period of last year.


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